GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2014

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

The following table presents the changes in the carrying amount of goodwill and other intangible assets during the six months ended June 30, 2014 (in thousands):

	Goodwill		Other Intangible Assets			Total

Balance as of December 31, 2013	$	188,110	$	69,722		$	257,832
Acquired during the period		184,719		86,406			271,125
Translation adjustment		-		23			23
Amortization		-		(9,223	)		(9,223	)
Balance as of June 30, 2014	$	372,829	$	146,928		$	519,757

Goodwill balance by reportable segment

The following table presents goodwill balance by reportable segment as of June 30, 2014 and December 31, 2013 (in thousands):

	2014		2013
Service Centers	$	191,592	$	142,714
Innovative Pumping Solutions		164,099		28,258
Supply Chain Services		17,138		17,138
Total	$	372,829	$	188,110

Amortizable Other Intangible Assets

The following table presents a summary of amortizable other intangible assets (in thousands):

	As of June 30, 2014							As of December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Carrying Amount, net		Gross Carrying Amount		Accumulated Amortization			Carrying Amount, net
Vendor agreements	$	2,496	$	(1,268	)	$	1,228	$	2,496	$	(1,205	)	$	1,291
Customer relationships		196,381		(51,488	)		144,893		109,897		(42,468	)		67,429
Non-compete agreements		1,739		(932	)		807		1,739		(737	)		1,002
Total	$	200,616	$	(53,688	)	$	146,928	$	114,132	$	(44,410	)	$	69,722

Other intangible assets are generally amortized on a straight-line basis over their estimated useful lives.